Mr. Akshay Sood reports

CRYPTOBLOX COMMENCES PIVOT TOWARDS KASPA BY CLOSING KASPA MINERS ACQUISITION

Further to Cryptoblox Technologies Inc.'s news release dated Oct. 31, 2024, the company has completed the transaction set out in its asset purchase agreement with 1001038815 Ontario Inc. to purchase five IceRiver KS3 Kaspa mining units. Following the closing of this transaction on Nov. 13, 2024, the company and the vendor have entered into a management services agreement (MSA) to provide for the hosting, set-up, operations and continuing maintenance of the miners by the vendor.

"We are very excited to have taken this significant step towards our focus on Kaspa," stated Akshay Sood, chief executive officer of Cryptoblox. "We believe this is just the beginning of building one of the largest Kaspa-focused companies in the industry," boasted Mr. Sood. By acquiring and deploying the miners, Cryptoblox hopes to expand its digital asset mining operations beyond bitcoin, leveraging Kaspa's distinctive blockDAG technology. Kaspa's technology allows it to be a high-performance cryptocurrency that distinguishes itself with its unique consensus algorithm and focus on scalability. Designed to handle high transaction throughput, Kaspa aims to overcome some of the limitations faced by earlier cryptocurrencies like bitcoin and ethereum, particularly in terms of speed and scalability. This makes Kaspa an attractive option for miners. As consideration for the agreement, the company has issued 11 million common shares of the company to the vendor and a finder's fee of 550,000 common shares.

"We are very excited to begin mining Kaspa, as we see enormous potential within its technology," commented Mr. Sood.

"In addition to mining Kaspa, the company also plans to build out its portfolio centered around Kaspa," concluded Mr. Sood.

About Cryptoblox Technologies Inc.

Cryptoblox Technologies is a blockchain technology infrastructure company focusing on building out its diversified blockchain ecosystem strategy that consists of digital asset mining and infrastructure, mining products and technology, and structured blockchain products and services.

We seek Safe Harbor.